Plan Snapshot
- Plan Sponsor: Puerto Rico Waste Management Group Corp.
- Sponsor EIN: 660707570
- Sponsor Address: PO BOX 1322, GURABO, PR, 00778
- Plan Type: DC
- Total Participants: 1,239
- Total Assets: $7.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,239 | $7.4M | $194,781 | $929,003 |
| 2023 | 1,037 | $6.2M | $191,909 | $827,136 |
| 2022 | 734 | $4.8M | $152,057 | $681,218 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $108,561 | — | $108,561 |
| INDEPENDENT FINANCIAL GROUP LLC | INVESTMENT ADVISOR | $33,478 | — | $33,478 |
| A & A EMPLOYEE BENEFITS CONSULTING | CONTRACT ADMIN | — | $6,316 | $6,316 |
| DRIVEN PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DRIVEN PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,355
- Estimated Expense Ratio: 2.005% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $162,233 | — | — | — | — |
| 2023 | $126,706 | — | — | — | — |
| 2022 | $107,859 | — | — | — | — |